Verisk downplays AI disruption fears as quarterly profit beats estimates

By Arasu Kannagi Basil Feb 18 (Reuters) - Verisk's fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of ‌the firm's proprietary data sets amid concerns around AI-driven disruption to the ‌information services business model. The data analytics firm, which also provided a "solid" full-year forecast according to analysts, saw ​its shares rise by 3%. The stock has fallen nearly 21% this year as of the last close. "High-quality data is critical for ...